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Thread: Who feels it necessary to keep their securities distributed among several brokerages?
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Old 11-13-2023, 11:38 PM
retiredguy123 retiredguy123 is offline
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Originally Posted by Pairadocs View Post
Have always used only two, Fidelity and Vanguard, lately "thinking" of adding another, possibly Schwab. I do NOT like the "pushy" tendency they are ALL developing in the last few years, to "advise me". I have always explained, in a pleasant manner, not angry or insulting, but when they tell me they can "assist me" in making good decisions for my money, that they are fiduciaries only interested in doing the best for me, I just explain that might be true, but in my opinion, NO BODY, NO ONE at any brokerage, cares quite as much about ME and my money as I DO. I don't doubt at all they care about doing "right" for me, but they have a lot of customers and they simply CAN NOT care as much a about my portfolio as I do ! So, I always make that clear as they get more and more "intrusive", the word I use for how they have changed in the last few years... btw, ever read the biography of Jessie Livermore by Richard Smitten ?
My experience exactly, but it doesn't really bother me very much. I am immune to pushy salespeople. I like both Vanguard and Fidelity. Great investment companies.